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Affinor Growers Completes Second Tranche of Private Placement

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Affinor Growers Completes Second Tranche of Private Placement

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Affinor Growers ( (TSE:AFI) ) has shared an announcement.

Affinor Growers Inc. announced the closing of the second tranche of its non-brokered private placement, raising $33,000.15 through the issuance of 600,003 units. The proceeds will be used for administrative fees and the installation of new production towers for strawberry development. An insider participated in this tranche, constituting a related party transaction under Canadian securities regulations. The issuance is subject to a statutory hold period, and the securities are not registered for sale in the United States.

Spark’s Take on TSE:AFI Stock

According to Spark, TipRanks’ AI Analyst, TSE:AFI is a Underperform.

Affinor Growers faces significant financial challenges with zero revenue and widening losses, resulting in a very low score. The company is highly leveraged with negative equity, adding to its risk profile. Technical analysis suggests a neutral market momentum but with a downward price trend. The negative P/E ratio and lack of dividend yield further undermine the stock’s valuation appeal.

To see Spark’s full report on TSE:AFI stock, click here.

More about Affinor Growers

Affinor Growers Inc. is a publicly traded company focused on developing vertical farming technologies to grow fruits and vegetables sustainably. It is listed on the CSE under the symbol ‘AFI’ and on the OTC PINK under the symbol ‘RSSFF’.

Average Trading Volume: 18,996

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$2M

Learn more about AFI stock on TipRanks’ Stock Analysis page.

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